Just to provide some context with the recent higher move in POG:
The Scoping Study was undertaken at US$1,850/oz gold.
As I type, the current POG is US$2,155/oz which equates to a 16.5% increase on the scoping study base case.
According to the Scoping Study sensitivity, a 15% increase in commodity prices (see below) leads to an increase in the Post Tax NPV from US$394.6m (A$598.72) to US$547.9m (A$831.32m).
Nevermind that the scoping study is only based on 1.134Moz AuEq of the total current Sturec resource of 2.868Moz AuEq.
...And yet our MC is A$32.12m...
Crazy.
The Gold Gods are delivering Gino quite the negotiating position.
Just to provide some context with the recent higher move in...
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Last
24.5¢ |
Change
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Mkt cap ! $46.29M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
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| Last updated 15.51pm 06/05/2024 ? | |||||
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